re: Ann: Smolik A3 well intersects commercial...
What can you say about AMU? I bought in a $0.54 Enjoyed the ride to $1.20 +, thought all was great and how clever I was to have picked this share.
The last couple of years has just seen the slide deeper and deeper down. renewables debacle, buyback that seemed good at the time, ordinary hedges during the boom, .............
Now I just look at the price and shake my head and wonder how it all went wrong.
With my average price of .68 its not beyond hope, but yes the lethargy has set in.
I hope they just forget all there fancy aquisitions, financial shufflings and concentrate on selling their product, drilling some new wells and start returning some coin to the holders. I dont care how small the divy is, pay me.
No more aquisitions , mergers new leases etc, just pay me
I bought my share of the company, pay me.
They have made profits, pay me.
No more "we need to consider the long term", its been the long term, pay me.
Seems to me there is only one group of people getting payed at AMU.
Maybe if they start to make a return to those who have invested to help them make the money the share price will take care of itself.
I shake my head and sigh again.
AMU Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held